The International Organization of Securities Commissioners (IOSCO) published a report this week calling for the London interbank offered rate (Libor) and other such benchmark interest rates to be tied more closely to actual transactions. Sadly, the proposal does not go … Continue reading →

It was reported this week that Bucknell University has been providing inflated information on the SAT scores of its incoming students for several years. The news follow similar revelations in recent months about a number of universities, including George Washington … Continue reading →

Last Friday, a top British top financial regulator issued a report suggesting numerous reforms to the London Interbank Offered Rate (Libor). Libor, a benchmark interest rate that affects more than $300 trillion in financial transactions, is constructed from the cost … Continue reading →

Most of us spend more time thinking about the latest London Olympics results than the scandal surrounding the London InterBank Offered Rate, or Libor. That is a big mistake. We should be paying more attention to the Libor scandal. And … Continue reading →

Here are a couple of recent musings on Libor. “Bankers Should Take A Lesson From The Mob,” was slated to appear in today’s Hartford Courant. “5 Questions With . . . Richard Grossman on the Libor Scandal,” an interview with Lauren … Continue reading →